With continuing tensions in Ukraine, today James Turk spoke with King World News what is happening around the world, including a historic event in the gold market. Turk also compared the manipulation taking place in the gold market to what happened when the manipulators of the British pound were taken down by Soros.
Turk: “As important as the Ukraine is to propel the price of gold higher, last week there was an even more important development. Bloomberg reported that the gold price is being manipulated, which followed shortly on the heels of a similar report in London’s Financial Times. Any report like this in the mainstream media is a big deal, but to have it reported twice is indeed an important development....
To continue reading the James Turk interview below please click here.
In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us at ‘Stock Trader’ our premium investment service.
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